2016
DOI: 10.2139/ssrn.2815367
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The Future Prospects of Energy Technologies: Insights from Expert Elicitations

Abstract: Expert elicitation is a process for eliciting subjective probability distributions from experts about items of interest to decision makers. These methods have been increasingly applied in the energy domain to collect information on the future cost and performance of specific energy technologies and the associated uncertainty. This article reviews the existing expert elicitations on energy technologies with three main objectives: (1) to provide insights on expert elicitation methods and how they compare/complem… Show more

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Cited by 7 publications
(10 citation statements)
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“…While their panel of experts predict median cost savings around 20%, there is much uncertainty in the predictions, and no technology stands out as receiving consistently better predicted results. Verdolini et al (2018) review expert elicitation studies on energy technology. They conclude that experts mostly believe increased R&D expenditures will reduce technology costs by 2030, and that diminishing returns to R&D are a concern.…”
Section: Effectiveness Of Government Randdmentioning
confidence: 99%
“…While their panel of experts predict median cost savings around 20%, there is much uncertainty in the predictions, and no technology stands out as receiving consistently better predicted results. Verdolini et al (2018) review expert elicitation studies on energy technology. They conclude that experts mostly believe increased R&D expenditures will reduce technology costs by 2030, and that diminishing returns to R&D are a concern.…”
Section: Effectiveness Of Government Randdmentioning
confidence: 99%
“…Given that different approaches to large-scale CDR are at various stages of maturity, top-down assessments should incorporate recent projections of future costs and performance of both CDR and all competing technologies. Analytic projections of such metrics should be augmented by—and compared with—expert elicitations (e.g., Verdolini et al, 2018 ). These projections should include ranges and probabilities over possible cost and performance parameters that can be used in constructing future scenarios as well.…”
Section: Improving the Integrated Scenario Frameworkmentioning
confidence: 99%
“…9,10 To project potential improvements in existing technologies, researchers apply various technology and innovation forecasting methods. 11,12 Besides expert elicitations [13][14][15][16][17][18] and engineering models, [19][20][21][22][23] experience-curve-based cost projections have emerged as a prominent approach to project the future cost of low-carbon…”
Section: Introductionmentioning
confidence: 99%